Ukraine and Russia Improved In Economy Ratings

Ukraine and Russia show improvements in economy ratings. The latest review by the World Bank Group from October 2015 moved Ukraine 13 positions up, and Russia jumped up 11 lines, as compared to the last year, in their rating of the ease of doing business, among 189 countries ranked.

Economy Ranking By The Ease of Doing Business

The researchers of the World Bank Group considered the following parameters when making their evaluations:

Starting a business

Dealing with construction permits

Getting electricity

Registering property

Getting credit

Protecting minority investors

Paying taxes

Trading across borders

Enforcing contracts

Resolving insolvency

Russia is #51 across the globe in the ease of doing business, and Ukraine is #83.

Ukraine’s neighbours are Saudi Arabia (#82) and Brunei (#84). Russia is positioned next to Peru (#50) and Moldova (#52).

The top 10 countries on this list:

Singapore

New Zealand

Denmark

South Korea

Hong Kong

UK

USA

Sweden

Norway

Finland

The improvement in the ease of doing business may assist in regaining grounds after people have lost a significant share of their personal wealth in 2014-2015 in both Ukraine and Russia. Earlier this month we reported on the rating by the Bank Credit Suisse, which stated that people in these countries lost 38-40% of their personal wealth in just one year. The data was included as a part of Global Wealth Databook 2015.